Chairman of the Cabinet of Ministers and Head of the Presidential Administration of the Kyrgyz Republic, Adylbek Kasymaliev, met with representatives of the Vietnamese business community during an official visit to Vietnam. The meeting, held in Hanoi, was attended by around 70 business leaders from various industries.
Discussions focused on expanding trade and economic cooperation, attracting investment, and exploring joint projects in multiple sectors. Kasymaliev highlighted Kyrgyzstan’s interest in strengthening economic ties with Vietnam, emphasizing the country’s favorable investment climate and business-friendly conditions.
Over the past four years, Kyrgyzstan has experienced steady economic growth, with an average annual GDP increase of 9%, driven by reforms under President Sadyr Japarov. Kasymaliev noted that the country offers tax incentives, simplified business procedures, and legal protections for investors, making it an attractive destination for Vietnamese businesses.
Key sectors identified for collaboration include agriculture and food processing, energy—particularly hydropower and renewables—tourism development, information technology, and the digital economy. Director of the National Investment Agency, Taalaibek Imanov, provided an overview of Kyrgyzstan’s investment landscape, while Minister of Energy Taalaibek Ibraev presented the country’s energy potential and key projects.
Vietnamese entrepreneurs expressed a strong interest in cooperation, with both sides agreeing to pursue specific initiatives to deepen their partnership. The meeting concluded with a signing ceremony for several Memorandums of Understanding (MoUs), including agreements between:
- The Ministry of Energy of Kyrgyzstan and the Ministry of Industry and Trade of Vietnam;
- The Ministry of Energy of Kyrgyzstan and Vietnamese company Vtech;
- National Electric Grid of Kyrgyzstan and Vietnam’s National Electricity System and Market Operation (NSMO).
